Dearborn Partners LLC reduced its position in Motorola Solutions, Inc. (NYSE:MSI – Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,964 shares of the communications equipment provider’s stock after selling 1,425 shares during the quarter. Dearborn Partners LLC’s holdings in Motorola Solutions were worth $24,135,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Strategic Advocates LLC purchased a new position in shares of Motorola Solutions in the 3rd quarter worth $28,000. JPL Wealth Management LLC purchased a new position in shares of Motorola Solutions in the 3rd quarter worth $31,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Motorola Solutions in the 4th quarter worth $28,000. Orion Capital Management LLC raised its position in shares of Motorola Solutions by 46.3% in the 4th quarter. Orion Capital Management LLC now owns 79 shares of the communications equipment provider’s stock worth $30,000 after buying an additional 25 shares during the period. Finally, Harbor Investment Advisory LLC raised its position in shares of Motorola Solutions by 45.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 86 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 27 shares during the period. 84.17% of the stock is owned by hedge funds and other institutional investors.
Motorola Solutions Trading Down 0.0%
NYSE:MSI opened at $410.54 on Friday. The business’s 50-day moving average is $423.90 and its two-hundred day moving average is $415.35. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.07 and a quick ratio of 0.86. Motorola Solutions, Inc. has a 12 month low of $359.36 and a 12 month high of $492.22. The firm has a market capitalization of $68.15 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89.
Motorola Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $1.21 per share. The ex-dividend date is Wednesday, June 17th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. Motorola Solutions’s dividend payout ratio (DPR) is currently 39.00%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on MSI shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $530.00 target price on shares of Motorola Solutions in a research report on Friday, May 8th. Piper Sandler raised their price objective on Motorola Solutions from $499.00 to $503.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Barclays raised their price objective on Motorola Solutions from $506.00 to $509.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Truist Financial cut their price objective on Motorola Solutions from $540.00 to $525.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Argus raised Motorola Solutions to a “strong-buy” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $504.67.
Get Our Latest Stock Analysis on Motorola Solutions
About Motorola Solutions
Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.
Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.
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